Budget for a Better Minnesota: Jobs

Minnesotans need a strong economy we can depend on for good jobs, living wages, and a strong middle class. That is why Governor Dayton’s budget invests in measures to create jobs, strengthen our infrastructure, and make Minnesota a more competitive place to do business. These investments will yield new jobs, vibrant communities, and additional state and local tax revenues which will far exceed these initial investments.

» $30 Million for the Minnesota Investment Fund (MIF). The Governor’s budget provides loans to bring new businesses to Minnesota, and help existing businesses expand. This will increase MIF tenfold, create thousands of new jobs, and leverage $800 million in additional investment.

» $25 Million for the Minnesota Job Creation Fund. The Governor’s budget invests in a new statewide performance-based incentive program for businesses that will create thousands of jobs and leverage $450 million in additional private investment.

» $20 Million for the Transportation Economic Development (TED) Program. The Governor’s budget invests in road and bridge improvements that promote economic development. This measure will create thousands of jobs and leverage $35 million in local and private investment.

» $10 Million for the Housing and Job Growth Initiative. The Governor’s budget invests in affordable housing to support business expansion in Greater Minnesota communities.

» $1.5 Million for the Global Competitiveness Initiative. The Governor’s budget invests $1.5 million to: 1) establish three new trade offices in foreign markets; 2) help small businesses participate in trade activities; and 3) communicate the benefits of doing business in Minnesota.

» $4 Million for Forestry. The Governor’s budget increases funding for the forestry program at the Department of Natural Resources. This will allow the department to harvest more wood, increasing the supply and lowering the price of wood available to companies that produce forest products.

» E-Fairness. The Governor’s budget collects sales tax for online transactions, totaling around $5 million per year, which will level the playing field for businesses that compete with online retailers.

Minnesota needs proven tools that attract businesses to our state and create jobs for the middle class. That’s why Governor Dayton’s budget invests $30 million of ongoing funding in the Minnesota Investment Fund (MIF), an initiative that helps Minnesota compete with other states and nations for new manufacturing and high-tech jobs. [Read more]

Minnesota Job Creation Fund

Minnesota needs effective tools to create jobs and make our state more competitive. That’s why Governor Dayton’s budget invests $25 million in ongoing funding for the Minnesota Job Creation Fund, a new statewide performance based job creation program. [Read More]

Minnesota Global Competitiveness Initiative

Minnesota needs to compete in a 21st Century global economy. Governor Dayton’s budget would fund a $1.5 million Global Competitiveness Initiative to increase exports and foreign direct investment in Minnesota. [Read More]

Unemployment Insurance Tax Reduction

Governor Dayton’s budget reduces Unemployment Insurance (UI) taxes by $346.5 million over two years, giving Minnesota employers more money to invest in their businesses and our economy. [Read More]